Muneer Kamal reelected as chairman KSE

KARACHI: Muneer Kamal has been unanimously re-elected as chairman of the board of Karachi Stock Exchange (KSE) at the first meeting of the newly constituted Board of KSE for the year 2012 here Thursday.

According to KSE, Kamal has been elected for second successive term. The Board members congratulated Kamal and expressed hope that the Board, under his leadership, would work towards the overall growth of capital markets.

The Chairman also thanked the members of the Board for reposing confidence and trust in him and assured of his endeavour to meet future challenges with combined efforts of the entire Board.

It is pertinent to mention here that the KSE board is comprised of 10 directors, out of which 5 are elected from amongst the members of the Exchange; 4 are nominated by SECP and the managing director is the tenth director on the Board.

For the year 2012, the elected directors are Abdul Majeed Adam, Muhammad Yasin Lakhani, Yaqoob Habib, Saeed Ahmed Butt and Haji Ghani Haji Usman, whereas, the nominated directors included Muneer Kamal, Abdul Qadir Memon, Asif Qadir and Shazad G. Dada. (APP)